Felicity Emmett, senior economist at ANZ, suggests that Australia’s 19k drop in employment in October was the first drop since September 2016 and even with a 0.1ppt drop in the participation rate to 66.0%, this saw the unemployment rate edge back up to 5.3%. Key Quotes “The weakness was broadly based, with full-time employment dropping 10.3k, while part-time employment fell 8.7k.” “Once again, the fall in the participation rate was entirely due to males, with the female participation rate holding steady at a record high of 61.2%. Despite this, male unemployment edged higher again to 5.5%, alongside a 18k drop in employment. The female unemployment rate also rose, up to 5.2%, with employment down a modest 1.4k.” “Along with the rise in unemployment, the underemployment rate reversed last month’s fall and rose 0.2ppt back to 8.5%. Total underutilisation is now back at the recent high of 13.8%. The persistent slack in the labour market was reflected in the Q3 Wage Price Index this week, which showed a wage growth slowdown.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Monero price analysis: XMR/USD trends in an upward channel formation FX Street 3 years Felicity Emmett, senior economist at ANZ, suggests that Australia's 19k drop in employment in October was the first drop since September 2016 and even with a 0.1ppt drop in the participation rate to 66.0%, this saw the unemployment rate edge back up to 5.3%. Key Quotes "The weakness was broadly based, with full-time employment dropping 10.3k, while part-time employment fell 8.7k." "Once again, the fall in the participation rate was entirely due to males, with the female participation rate holding steady at a record high of 61.2%. Despite this, male unemployment edged higher again to 5.5%, alongside a 18k drop… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
